Royal Bank Of Canada Downgrades The Berkeley Group (LON:BKG) to Underperform

The Berkeley Group (LON:BKG) was downgraded by equities research analysts at Royal Bank Of Canada to an “underperform” rating in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 3,700 price objective on the stock, down from their prior price objective of GBX 4,900. Royal Bank Of Canada’s target price points to a potential upside of 0.89% from the company’s previous close.

BKG has been the topic of a number of other research reports. UBS Group reissued a “buy” rating and issued a GBX 4,965 price target on shares of The Berkeley Group in a research note on Friday, August 15th. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,000 target price on shares of The Berkeley Group in a report on Monday, September 8th. Finally, The Goldman Sachs Group began coverage on shares of The Berkeley Group in a research report on Monday, November 24th. They issued a “sell” rating and a GBX 3,714 target price on the stock. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, The Berkeley Group currently has an average rating of “Hold” and a consensus price target of GBX 4,415.80.

The Berkeley Group Stock Performance

BKG opened at GBX 3,667.29 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66. The firm has a market cap of £3.51 billion, a PE ratio of 9.91, a P/E/G ratio of -0.87 and a beta of 1.22. The business has a fifty day simple moving average of GBX 3,914.27 and a 200-day simple moving average of GBX 3,857.11. The Berkeley Group has a fifty-two week low of GBX 3,462 and a fifty-two week high of GBX 4,369.96.

Insider Buying and Selling at The Berkeley Group

In other The Berkeley Group news, insider Neil Eady bought 1,325 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were bought at an average price of GBX 3,773 per share, for a total transaction of £49,992.25. 8.01% of the stock is owned by corporate insiders.

The Berkeley Group Company Profile

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.